Cable Update (GBPUSD) | Page 16478 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #329,541
  • Edited 9:51am Nov 9, 2012 8:18am | Edited 9:51am
Quoting tirmizi
which news report ???
Quoting Tsar
SIDEWAYS... !!!

Market's wait US NEWS Report, Bro.

Statement from Barack Obama, Concerning the Fiscal cliff.

You can read first my Reports in HERE
Always looking the GREAT, never left GOOD Point...
  • #329,542
  • Nov 9, 2012 8:28am Nov 9, 2012 8:28am
seems like we might have a lot of room on cable to the downside, if we can get a confirmation in ucad that price stays above 1.0.. just from one of my cross pair analysis..

hopefully it can give a small retracement to retest the low of the range (5960 area) before moving further south..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 27 KB
  • #329,543
  • Nov 9, 2012 9:46am Nov 9, 2012 9:46am
just wanna share, might be a good potential to the downside, this pair, although has quite a large spread, i think might has a very good potential to become bearish market. Just manage your risk carefully on this pair.

this pair seems doesn't look like down trend in 4h but in daily it does look like it has reach the 61 fibo retracement, which means that if that price hold, the possibility it might go down is quite good.

the only thing is, my PO has been triggered before any consolidation seen in daily which mean that the market might has not dissipate the upward momentum yet and buying power might has not been fully absorbed.

anyway, let's just see how it progress.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: anychart.gif Size: 25 KB
Click to Enlarge Name: anychart1.gif Size: 30 KB
  • #329,544
  • Nov 9, 2012 10:05am Nov 9, 2012 10:05am
Dear all extra-ordinary gentlemen could you please share some thoughts about the today's obama speech [1:00 us time]and the impact on currency market ?
  • #329,545
  • Nov 9, 2012 10:09am Nov 9, 2012 10:09am
Quoting Antiromantic
Dear all extra-ordinary gentlemen could you please share some thoughts about the today's obama speech [1:00 us time]and the impact on currency market ?
if i may say this, i think traders better just stick on the technicals since we can't really figure out what the masses are thinking and how that will impact the market.

Technical can always explain the reaction/movement of the price, fundamental can only explain it some of the time.
  • #329,546
  • Nov 9, 2012 10:15am Nov 9, 2012 10:15am
Quoting A-speculator
if i may say this, i think traders better just stick on the technicals since we can't really figure out what the masses are thinking and how that will impact the market.

Technical can always explain the reaction/movement of the price, fundamental can only explain it some of the time.
very true , also sometime unscheduled fundamentals potentially worth a few Pips .
  • #329,547
  • Nov 9, 2012 10:20am Nov 9, 2012 10:20am
Quoting Antiromantic
very true , also sometime unscheduled fundamentals potentially worth a few Pips .
trading by fundamental is more like gambling, i think.. why risking a few pips when you can always get better trade by not fighting the trend..
  • #329,548
  • Nov 9, 2012 10:37am Nov 9, 2012 10:37am
Quoting A-speculator
trading by fundamental is more like gambling, i think.. why risking a few pips when you can always get better trade by not fighting the trend..
Logical
  • #329,549
  • Nov 9, 2012 11:09am Nov 9, 2012 11:09am
Quoting Antiromantic
Dear all extra-ordinary gentlemen could you please share some thoughts about the today's obama speech [1:00 us time]and the impact on currency market ?
You will got Answer later...
US News will be provide leverage to Next Week, not for Today - until the Market's close

For HOME WORK !

It's Late Night 2.09 AM - Time go Sleep, Now...


Happy Weekend Everyone
Always looking the GREAT, never left GOOD Point...
  • #329,550
  • Nov 9, 2012 1:02pm Nov 9, 2012 1:02pm
Quoting A-speculator
trading by fundamental is more like gambling, i think.. why risking a few pips when you can always get better trade by not fighting the trend..
Dont fundamentals create the trends? I traded Swiss tag to Euro fundamental and it was made me more than every technical trade I've ever done. Sometimes the obvious is there, nothing wrong with playing it. Technicals are gambling as well...just more educated gamble...but gamble all the same.
  • #329,551
  • Nov 9, 2012 1:44pm Nov 9, 2012 1:44pm
Quoting chodd22
Dont fundamentals create the trends? I traded Swiss tag to Euro fundamental and it was made me more than every technical trade I've ever done. Sometimes the obvious is there, nothing wrong with playing it. Technicals are gambling as well...just more educated gamble...but gamble all the same.
The thing is you can't quantify your analysis basing on fundamental. The trade will be only based on your own perspective and not the market... that is why im saying you can reason on the reaction of the price some of the time..
  • #329,552
  • Nov 9, 2012 1:51pm Nov 9, 2012 1:51pm
Quoting A-speculator
The thing is you can't quantify your analysis basing on fundamental. The trade will be only based on your own perspective and not the market... that is why im saying you can reason on the reaction of the price some of the time..
I agree with that. Well put!

At the end of the day, I will use any method that results in green pips at least 51% of the time. The moment I get cocky and feel I found my holy grail of trading, I get a lava flow of red pips my way. Seems to be more like that when I use mostly technical charts and not insert the news calendars. I've been most rewarded when both are used to compliment each other.

Then again, I'm not independently wealthly either...so what the hell do I know...ha
  • #329,553
  • Nov 9, 2012 2:54pm Nov 9, 2012 2:54pm
Quoting chodd22
I agree with that. Well put!

At the end of the day, I will use any method that results in green pips at least 51% of the time. The moment I get cocky and feel I found my holy grail of trading, I get a lava flow of red pips my way. Seems to be more like that when I use mostly technical charts and not insert the news calendars. I've been most rewarded when both are used to compliment each other.

Then again, I'm not independently wealthly either...so what the hell do I know...ha
if that's so.. try to enhance your understanding on the PA itself. what i mean by technicals are not indicators meaning that i don't mean that when this cross this it's an uptrend or that cross that is a downtrend.. indicators as the name suggest are just indicators, they are not decision makers.

try to see the driving force in the background of the PA using the candlestick or bar chart.. whichever you prefer most.

there's a lot of theories regarding the market which translate into indicators.. do not close your mind on new ideas/theories.. but market is never rational, nor do our emotions which is part of the market, right? so try not to rationalize on the price reaction but always try to be on the right side of the market no matter what data came out from the news.

happy trading and happy weekend mate.
  • #329,554
  • Nov 9, 2012 3:31pm Nov 9, 2012 3:31pm
Last but not least,
i just want to touch on the subject of who creates the trend.. obviously it's not the fundamental or the technicals, it's the market participants who creates the trend.

our job as speculators are just to analyze and be able to quantify on the where, when and the risk tolerance on every position we are about to take.. we try to be part in the majority participant in the market. everything else are just not relevant.. imho.

ok guys, happy weekend... again.
  • #329,555
  • Nov 9, 2012 3:49pm Nov 9, 2012 3:49pm
ok T next plan



Quoting tirmizi
hi B,

i have borrowed your chart and added another target with your two targets at 5998, in another scenario i have a price level as low as 5940/45, but i seriously doubt that will happen before 6140/50,

i think on sunday evening we might have gap up opening
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 pland 9-11-12.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #329,556
  • Nov 9, 2012 7:57pm Nov 9, 2012 7:57pm
china on green
not euphoria follower
  • #329,557
  • Nov 10, 2012 1:03pm Nov 10, 2012 1:03pm
Short term correction possible will convergence of GBPUSD and GB-US 5yr Spreads, Anyone else see some short term support and move upwards?

Yield spread prices 1.6080 GBPUSD but that being said GBPUSD maybe frontrunning a fall in the yield spread.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD vs GBUS 5yr spread.jpg Size: 93 KB
  • #329,558
  • Nov 11, 2012 8:21pm Nov 11, 2012 8:21pm
this should go up from here to 1.5950 at least
  • #329,559
  • Nov 11, 2012 8:32pm Nov 11, 2012 8:32pm
Quoting Niranj
this should go up from here to 1.5950 at least
Agreed for TP1 @ 15950, adding other resist lines for TP2 @ 16040, TP3 @ 16110. In secure the loss, SL should be placed @ 15800.

(The TP & SL are based on 1H & 4H TF)

Good luck all
  • #329,560
  • Nov 11, 2012 8:54pm Nov 11, 2012 8:54pm
Quoting ForexRatVN
Agreed for TP1 @ 15950, adding other resist lines for TP2 @ 16040, TP3 @ 16110. In secure the loss, SL should be placed @ 15800.

(The TP & SL are based on 1H & 4H TF)

Good luck all
Not really, i agree TP1 15950, but still tank to 1586x maybe
even better than mama
494 traders viewing now